Crude Oil managed to fall below the 76.00 support which could keep the downtrend pressure on for a further drop.
As we see on the chart and as long as the market holds below 77.50-70, more of a drop is still expected toward the 72.45-95 zone.
Above 77.70 more advance could hit the market with resistance at the 79.00-20 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 74.20 | 77.50-70 |
| LEVEL2 | 72.45-95 | 79.00 |
| LEVEL3 | 68.20 | 82.00 |
|
Join our responsible trading community - Open your Orbex account now! |
